Flagstaff CD Rates

Types of Investment Income

The most difficult, and important, decision to make when investing your hard-earned money is which type of investment account should you choose. Certificate of deposits mature at a fixed rate on a fixed length of time, so you know what you’re getting up front. Mutual Funds may give a higher return, but are risky because they rely on the success of the stock market and the choices of the firm doing the investing on your behalf. Be sure to do your research on Flagstaff Banking Rates before you decide.

Common types of investment income accounts:

• Certificate of Deposits (CDs)

• IRAs
• Savings Bonds
• Stock and Mutual Funds
• Money Market Accounts (MMAs)

No matter what type of investment you decide to make, or even if you’re just seeking more information to help you make the right decision, Flagstaff Banking Rates can help make that decision easier.

Submit your information today to learn more and see available rates for CD rates and investments.

Best CD Rates, IRAs and Investments in Flagstaff

Flagstaff Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.

Many local Flagstaff credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Flagstaff Banking Rates has relationships with many banks to maximize the potential of finding the best rates.

What is the FDIC?

You are likely the owner of many different types of investment accounts, such as a checking account or IRA. Just as likely, you have a Certificate of Deposit account or are considering investing in one. CDs are a great tool for putting away extra cash and letting it collect a high interest rate over time. You can benefit from a high CD interest rate that generally outperforms traditional savings accounts.

In light of recent economic turmoil, you may have wondered what would happen to your money if your bank went under along with your high interest CD rates. Luckily, there is some protection from such events offered by the Federal Deposit Insurance Corporation (FDIC).

The FDIC preserves confidence in the U.S. financial system by insuring deposits into banks and other financial institutions. They identify risks and solve problems within the system in order to limit the effect a failing financial institution would have on our economy. The total amount the FDIC insures has recently been raised to $250,000. This covers money in any checking, savings or other deposit account, like a CD, combined under a single depositor at any institution.

You can rest assured knowing the your money is safe under the FDIC. When you want to find a CD account with a high interest rate, turn to Flagstaff Banking Rates to do the comparison shopping for you so you can begin building your own safety net.